Topic: [ANN][OC] Orangecoin ★★ POS ★★ Anon Transactions ★★ Masternodes - page 78. (Read 209560 times)

We want an official announcement, this isn't. I am annoyed, we have got a great coin and are losing time with bad communication, and it's not so much to present things a bit better

We need more than those 4 lines with specifications. What is Orangecoin thinking, trying to win time again.

I have been waiting long enough, I want to have dates ! I want to know when new wallet will be released and when will be able to start with Masternodes

Tell Orangecoin  to do better communication.

Orangecoin Masternodes

Ok everyone its official the new specifications are as follows.


year 1:  PoS  20%   MN 2%
year 2:  PoS  10%   MN 1%
year 3:  PoS    5%   MN 0.5%
year 4:  PoS  2.5%  MN 0.25%
(this rate is Continuous until 200 million coins has been reached, about 41 years)

MN (masternode) coin requirement is exactly 2,000 OrangeCoins  

+1. 

If you a ready with your decision, please post  a nice and professionell announcment 

+1 for sure, great questions

as for the numbers Specialkey said what I was thinking

I think it sounds reasonable so far, I do have a couple of questions though.
It was mentioned before that a static IP is required. I guess this is because an address needs to be provided so it can be added to the config file.
Is it possible instead to have a domain name that tracks a dynamic IP? Or must it be static?
Also, someone mentioned that DDOS protection would be required as the nodes would be targetted. Is this just an assumption or has this been proven to be the case from other coins that have masternodes set up?
What is the real risk in hosting a node on a server used for other perposes?

As you experts have checked out every possibility.

I am good with your results.

Good work.

Thx.

wow you guy's have been busy looks like I have some reading to catch up on.

just a warning to anyone who may have btc or OC on that coiny exchange... you might want to read this.

https://bitcointalk.org/index.php?topic=522849.new#new

Thank you for clearing this up, your point has been Noted

i have said nothing here to detract from oc value, while other have said destructive things i wont even repeat.

but maybe if you succeed in discrediting me you can go back to the 20% plan.

well with black at 16 cents a coin, even if Orange does only half as well, these 1st year 1 million coins in your 10% plan will cost the holders $80,000 worth of Orange.
[math below]
(Personally i think oc will do better than half of black.)

$0.16 div 2 = $0.08 x 1000000 = $80,000

anyway i don't think it is up to you, We can only hope who ever finally runs the show has more long range biz sense than to litter orange with a 45-year string of honey pots, regardless of what other coins have done or what this gang of MN-miners want.

Does anyone else have anything they'd like to add before this get really finalized? Last chance!

Well we can see your not happy, however this is how it will be and it will better the whole community.

Your off base and seem not to have read some of the post above, I'm just not sure.
I just can't keep showing you numbers and examples you that PoS will earn a lot more. To have you keep coming up with this 6 figure thing that no one can tell where you got it from. You made it up and you keep putting it in all our faces like it's real. I hate to say this but I'm not so sure your not working for another coin right now trying to drive down Oarngecoins price with unreal claims. I'm sure this may upset you but I had my doubt about your new account. However I just figured you created your account on June 7th because you watched the forum but never had a reason until now to post here. Or you made a new account to separate your post here from another coin you support, as well as supporting OC. I'm sure I'm wrong and sorry if I am but, your using classic by the book manipulation tactics. Which just may be you wanting your voice heard.

Ok one last thing about this 6 figure thing, if MN are getting 6 figures for sending Anonymous transactions, then PoS are getting 7 figures for sending just plan old transactions. So once again not sure what your trying to say, hope I'm wrong I spent a lot of time answering your post.   

No offence Jim but What this post above really says is....
all you investors out there that have been follow this discussion
better speak up now if you don't want these Mnode 10x plus HONEY POTS set up,
bleeding you 24/7 for the next 40-45 years, just like in the bankster hives.

Just wondering what it will cost to operate a MN for a year?  Maybe what... 100 bucks a year?
(not counting investing in OC since that is not an expense but a wise investment which creates a tangible and liquid asset)

Notice Jim thinks 6 figures a year is a perfectly reasonable price for MNs.  
If you don't think so better say it NOW!!

6 figure projected, yes. It's worth all the nodes we can afford with that, not paying out gobs to a few nodes. Six figures may not be realized...
Keep in mind:
The actual payout will be less for PoS, not everyone stakes, not all coins stake which leads to next point.
The actual payout will be less for MN, the chain moves slower in between stakes. blocks aren't issued as fast, MN get paid less

First off thank you all for the input!!! It's been a long 4 days and many great points have been brought up.

After many numbers have been crunched it looks like the great majority of us, are happy with 10% of the PoS reward amount being added to a Masternode reward payout. Also it looks to be majority of us are happy with that amount coming off the length of reward handouts, leaving PoS the way it is. So based on 4 days and 11 pages of post, this is what the new model would look like.


yr1  PoS  20%   MN 2%
yr2  PoS  10%   MN 1%
yr3  PoS    5%   MN 0.5%
Flat  PoS  2.5%  MN 0.25%
For a total of 41 years

The dilution from ending PoS earlier to pay the MN won't be negligible if we are paying 6 figures a month for 40-45 years.  That is my point, it is this absurd price tag for this nominal service that i object to.  

It's only common sense, these coins won't be falling from heaven, investors must take a loss somewhere on the books for every orange paid-out.  Why are we even considering paying 10 times or more what this service is worth?

So i guess you must either question the math behind the projected 6 figure yearly price for anon by this method, or you accept it as a tolerable expense.  I'm just wondering which one?

I will add I have no solution for the 2000 OC 'problem' except I'll chime in: stop basing it off anything else but BTC, LTC or stablized cryptos that will have a projected price growth the same or close to OC.

Forget gold. Forget fiat. Metals will retain some value as they have their place in industry, but not as store of wealth. Fiat will be recycled into toilet paper. 

We must first start with the fact that if the 2000 OC would sit in and open wallet for this first year, and it stakes every 14 days it will stack 24.3 times and would earn 386 OC.

So we must know that ppl will open masternodes all over the place right up til they all will make less the 386 per year, bc if they make less then PoS then its just better to keep it in an open wallet. (I'm taking out he cost of the server about $60 per year, it's easier to calculate so just know these numbers are rough) So if ppl take 2000 OC out of their PoS wallet and move them to a masternode where they earn say 400 OC a year. All this is doing is shifting coin out of the PoS and over to Masternodes, with a small intensive to do so. However to have it all the way down to 400 OC per MN, OC would have to be $4.28 per coin to offset the $60 from the extra 14 OC. So looking at todays price per coin
$0.003057 to get that $60 for server cost each MN needs to make an extra 19,627 OC to pay for the server. So for the masternodes to break even compared to the PoS for that 2000 OC each one needs 20,013 OC divide that by the 1,000,000 OC (10%) reward and that only allows for 49 MN. Now that is at the price today, as the OC price raises  so will the amount of MN able to come online. Because the value of each coin raises, so the amount of OC needed to offset the $60 lowers and opens the door for the reward to be spread out thinner.

We set the numbers and it well all run as it should based on the coins value, that's they way it needs to be.



Edit: This was only for numbers, lets not for get that amazon give you a free year, so there will be enough coin reward for way more then just 49 MN the first year.